About your Search

20120926
20121004
Search Results 0 to 4 of about 5 (some duplicates have been removed)
's a point you made earlier in an earlier segment that the bottom line is the economy is still very, very weak. i'll tell you, we've been on overweight equities for the last six or nine months. we're now starting to pull back some of the risk. yes, the market could rally higher. i don't see the stimulus up as much as i did when everybody didn't believe qe-3 was coming. i think there's more negative potential headlines. we're taking risk off the table right now and hopefully we'll re-enter at a lower position. >> it's interesting. rickntelli, the fiscal cliff keeps coming up. that's one of the biggest issues in terms of keeping businesses from making any real decisions here, putting money to work, and it's also the highlight going into the election. >> it is. i guess the real irony is even if the fiscal cliff didn't exist, the outlook economically, both domestically and globally, is deteriorating. really, it's a bit of a double whammy. i'll go back to what i said the last time we discussed this an hour ago. if you look at the 21 weeks from mid-october to march of 2000 when the nasdaq crash
and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do this. that means europe stays in a recession. for u.s. investors, i think it is still something of a side show. >> something of a side show. until they either come up with the austerity or -- something's got to give, right? >> because it doesn't disrupt the u.s. economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value
're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're ver
of confidence in the economy. everybody's saying, yeah, things feel better, but it's not perfect yet. >> also, there's no urgency. the fed is telling us rates are going to stay at rock bottom until 2015. i don't have to rush into the market now. >> that and the fact your house is worth now what it was in 2004 before the few years of psycho fraud happened. people aren't saying buy, buy, buy because this is a super investment and it's going to go up 10% a year. yeah, people are waiting for the right house. there's people i've had as buyers who have waited a year to find the right house. yeah, they paid a little more for it, but it was worth the wait. people are picky too. >> diana, there's just no urgency. >> no urgency. i was just talking to an investor today. he was talking about this fundamental shift in attitudes toward homeownership. it's just not what it used to be. a lot of potential buyers out there are saying i can rent a single family home and even though, you know, home sale prices are lower and affordability is supposedly better, i don't have to deal with a mortgage. i don't have to
Search Results 0 to 4 of about 5 (some duplicates have been removed)